Geopolitics Alpha

Yen nears key ¥160 level after U.S. inflation data, sparking intervention risk

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Yen nears key ¥160 level after U.S. inflation data, sparking intervention risk

The prospect of tightening by the U.S. Federal Reserve risks widening the U.S.-Japan rate differential and adding to downward pressure on the yen.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TIP iShares TIPS Bond ETF+0.9% 18d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XLP Consumer Staples Select Sector SPDR-0.8% 8d

    Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • TLT iShares 20+ Year Treasury Bond ETF+0.0% 18d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “federal reserve” (US interest rates) in this story.

  • EWJ iShares MSCI Japan ETF+1.6% 14d

    iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“yen”).

  • FXY Invesco CurrencyShares Japanese Yen Trust-0.3% 15d

    Invesco CurrencyShares Japanese Yen Trust follows the Japanese yen, whose moves this story covers.

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Japan

  • EFA iShares MSCI EAFE ETF-0.7% 6d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Japan

  • JPM JPMorgan Chase-0.1% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “federal reserve” (US interest rates) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TIP+0.93%+0.72%baseafter closeafter closeafter closeafter close
XLP-0.16%-0.60%baseafter closeafter closeafter closeafter close
TLTPrices arriving within minutes———after closeafter closeafter closeafter close
EWJ-4.13%-0.69%baseafter closeafter closeafter closeafter close
FXY+1.31%+1.27%baseafter closeafter closeafter closeafter close
BWX+1.13%+1.50%baseafter closeafter closeafter closeafter close
EFA-1.86%+0.32%baseafter closeafter closeafter closeafter close
JPMPrices arriving within minutes———after closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Yen nears key ¥160 level after U.S. inflation data, sparking intervention risk The Japan Times

Source: The Japan Times

This story

CompanyWhenMoveStatus
BWXthree days earlier+1.50%final price
BWXfive days earlier+1.13%final price
EFAthree days earlier+0.32%final price
EFAfive days earlier-1.86%final price
EWJthree days earlier-0.69%final price
EWJfive days earlier-4.13%final price
FXYthree days earlier+1.27%final price
FXYfive days earlier+1.31%final price
TIPthree days earlier+0.72%final price
TIPfive days earlier+0.93%final price
XLPthree days earlier-0.60%final price
XLPfive days earlier-0.16%final price

Congressional trades in the stocks in this story

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This story

12 out of 100

“Yen nears key ¥160 level after U.S. inflation data, sparking intervention risk” scores 12 out of 100. The score uses 1 sources.